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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Mumbai, December 08, 2016 Cus - Whatever may be circumstances under which goods could not be cleared from bonded warehouse, duty liability would be at rate prevalent at time of filing ex-bond BoE and not when they were bonded: CESTAT

New Delhi, December 07, 2016 I-T - Whether information received by AO after assessment which is out of existing record, is mandated for exercising power u/s 147 - YES: HC

Hyderabad, December 07, 2016 CX - When no findings are recorded by Adjudicator on specific plea to extend cum-duty benefit, HC can interfere with such order notwithstanding alternative remedy: HC

Chennai, December 07, 2016 Customs - Refund not granted despite favourable order from Tribunal - insisting upon furnishing of documents again amounts to harassment: HC

Ahmedabad, December 06, 2016 Mandatory pre-deposit at Second stage appeal - Not 2.5%, but 10% - CESTAT

Chennai, December 06, 2016 I-T - Whether Co-operative Credit society engaged in selling agricultural produce of its members, is eligible for benefit of section 80P in respect of interest received from members - YES: HC

Mumbai, December 06, 2016 ST - FIs offer commission to appellant on loan amount sanctioned, of which, portion is passed to customer as an up front subvention of total interest payable - manner in which FIs treats this outflow and inflow needs examination: CESTAT

Kolkata, December 05, 2016 I-T - Whether assessee should be assisted in claiming or securing reliefs under I-T Act, which he himself has failed to claim due to his ignorance/misconception - YES: HC

Mumbai, December 05, 2016 Cus - Notfn 64/88-Cus - obligation cast on appellant is continuing obligation and does not get discharged by rescinding of notification: CESTAT

Mumbai, December 05, 2016 ST - It is contrary to law to isolate expression in rule to deny general principle built into all indirect tax statutes for exempting export of services from levy: CESTAT

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April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

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April 24, 2024

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April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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